Maximizing Financial Settlements in Divorce

Divorce is a challenging chapter in many people’s lives. Amongst the emotional upheaval, one important thing to consider is financial settlements. Ensuring a fair division of assets and liabilities is paramount for both parties to move forward confidently post-divorce. Here are some ways to maximize financial settlements:

1. Pay Off Debt and Establish Credit: Before heading to court, try to pay off your debts and establish credit. This can help to put you in a stronger financial position during negotiations. 
2. Prioritize Savings: Prioritize your savings where possible to secure your financial future. 
3. Identify Income Sources and Expenditures: Creating a post-divorce budget by identifying income sources and expenditures can help you plan for your financial stability. 
4. Open Individual Checking Account: Setting up an individual checking account can help you manage your finances independently post-divorce.
5. Gather Key Financial Documents: Ensure that you have all necessary financial documents in order to assess your assets and liabilities. 

Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst, CDFA® I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more.

You don't have to go through this alone.

Contact me today at 716-800-4290 to schedule your first appointment.